Moody's Downgrades Nokia To Junk Status

Nokia

Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the outlook negative, meaning it could downgrade it again.

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BING NEWS:
  • Moody's downgrades Nokia rating to junk status
    Nokia Corp., the faltering Finnish cellphone maker, closed out the week with another hit to its financial condition: Moody's Investors Service downgraded its credit rating to junk status. Moody's cut the company's rating a notch to Ba1, a non-investment ...
    06/15/2012 - 1:40 pm | View Link
  • Moody's downgrades Nokia to junk status
    HELSINKI (AP) -- Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/15/2012 - 11:55 am | View Link
  • Moody's Downgrades Nokia To Junk Status
    HELSINKI (AP) — Moody's ratings agency on Friday downgraded Nokia's debt grade to junk status, citing greater than anticipated pressure on the struggling cellphone maker's earnings after it announced plans for major cuts and global layoffs. It kept the ...
    06/15/2012 - 8:31 am | View Link
  • Moody's downgrades Nokia’s credit rating to junk status
    Moody’s Investors Services has downgraded struggling Finnish cellphone maker Nokia’s (NYSE:NOK) credit rating to junk status, with a negative outlook. Nokia’s crediting rating for long term senior unsecured debt has been downgraded to Ba1 from Baa3.
    06/15/2012 - 6:39 am | View Link
  • Moody's downgrades Nokia debt to near junk
    Helsinki: Moody's ratings agency downgraded Nokia's debt grade to near junk status today, citing a sharp decline in first-quarter cell phone sales that led to a 35 percent fall in revenue. The agency lowered Nokia Corp's long-term credit rating by one ...
    04/16/2012 - 3:18 pm | View Link
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